Situation with auctioning off Slavneft remains unsettled

President of Belarus Alexander Lukashenko has to make a decision that will resolve the situation with the sale of a 10.83-percent state stake in the Slavneft oil company. A spokesman for the IncomBel investment and broker company operating on the Belarusian stock exchange reported to RosBusinessConsulting. The auction has been interrupted. Persons officially responsible for auctioning off Slavneft's stakes are trying to arrange a meeting with the President to have him make a final decision about the price for the stake.

According to earlier reports, Slavneftebank - the only bidder for the stake (according to some unofficial information, it acts in Slavneft's interests) - offered $210m. But the Federal Property Fund of Belarus declared that it wants at least $250m for the stake. According to IncomBel's representative, no other bids were made either yesterday or today, and the auction was declared void.

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